2024 Tax Credits And Deductions For Seniors. They no longer could write off their high property tax and sales or income tax on federal returns. The budget 2024 brought transformative changes to india’s tax system, offering taxpayers a choice between the old tax regime and the new tax regime.with changes in.
They no longer could write off their high property tax and sales or income tax on federal returns. The personal exemption for 2024 remains at $0 (eliminating the personal exemption was part of the tax cuts.